Big League Stew

How much did Magic Johnson pay for his share of the Dodgers? $50 million

Ever since Magic Johnson and a group of investors bought the Los Angeles Dodgers earlier this season, we've been wondering how much money the former basketball star personally put toward the $2.15 billion purchase price from Frank McCourt.

That revelation came thanks to Johnson himself during a profile on Tuesday night's edition of "HBO Real Sports." The contribution only works out to a 2.3 percent share of the team with Guggenheim Partners footing most of the tab, but let's be honest: That's still some serious bread.

Johnson said it was the biggest check he'd ever written and it's a clear signal he's not only working for Guggenheim by being the team's public face. He's also working for himself.

Johnson actually has a successful track record when it comes to investing in pro sports franchises. He bought 4.5 percent of the Los Angeles Lakers in 1994, then sold it in 2010 for a reported $50-60 million. His current net worth has been estimated as anywhere from $500 million to $770 million, depending on the source.

(Reuters) - Bournemouth will leave their Dean Court home and are looking for a site to build a new stadium in time for the start of the 2020-21 season, the Premier League club said on Friday. Bournemouth said negotiations to buy the stadium back … More »

(Reuters) - Crystal Palace manager Alan Pardew will be looking for defensive reinforcements in the January transfer window and could also bring in another striker as cover for the injured Connor Wickham. Wickham is out for the season after … More »

The International Ski Federation says it will "act decisively" and with zero tolerance against doping after studying the McLaren report. World Anti-Doping Agency investigator Richard McLaren says Russia's state-backed doping program corrupted the … More »

By Jack Stubbs MOSCOW (Reuters) - Russia is building a $30 million complex for acrobatic rock'n'roll, a niche sport in which President Vladimir Putin's daughter is a leading dancer and has a senior role for development, a Reuters review of public … More »